TD Securities set a C$11.00 price objective on K92 Mining Inc. (KNT.V) (CVE:KNT) in a research note released on Thursday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.
A number of other brokerages have also recently issued reports on KNT. Raymond James set a C$10.00 target price on K92 Mining Inc. (KNT.V) and gave the stock an outperform rating in a report on Monday. BMO Capital Markets upped their price objective on K92 Mining Inc. (KNT.V) from C$9.00 to C$11.00 in a report on Monday, January 25th. Finally, Scotiabank raised their price objective on K92 Mining Inc. (KNT.V) from C$8.50 to C$8.75 in a report on Tuesday, January 26th. Six research analysts have rated the stock with a buy rating, K92 Mining Inc. (KNT.V) currently has an average rating of Buy and a consensus price target of C$10.42.
Shares of KNT remained flat at $C$7.99 during trading hours on Thursday. The company had a trading volume of 337,797 shares, compared to its average volume of 1,128,356. The company’s fifty day moving average price is C$7.99 and its two-hundred day moving average price is C$7.75. The company has a market cap of C$1.63 billion and a PE ratio of 32.48. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. K92 Mining Inc. has a fifty-two week low of C$1.55 and a fifty-two week high of C$8.50.
K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. Its principal property is the Kainantu property that covers an area of 725 square kilometers located in the Eastern Highlands province. The company is headquartered in Vancouver, Canada.
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